Germany's 3rd onshore wind tender sees price drop to EUR 38.2/MWh

Wind farm in Germany. Author: Jason. License: Creative Commons. Attribution-NoDerivs 2.0 Generic

November 22 (Renewables Now) - Germany’s Federal Network Agency announced today it has awarded 1,000.4 MW of capacity in a heavily oversubscribed wind tender that saw the average price decrease to EUR 38.2 (USD 44.85) per MWh.

The network regulator, also known as the Bundesnetzagetur, approved a total of 61 onshore wind projects after receiving 210 bids for a total of 2,591 MW. About 98% of the successful bids came from citizens’ cooperatives.

The states of North Rhine-Westphalia and Brandenburg got the largest number of successful bids -- 17 and 16, respectively. Each of the two states will see 270 MW of wind turbines be deployed.

This is Germany’s third onshore wind auction this year. The average successful bid in the second tender, held in August, arrived at EUR 42.9/MWh, while that in the first one amounted to EUR 57.1/MWh.

(EUR 1.0 = USD 1.174)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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